by our College Data Analytics TeamHere you will find what students actually borrow to attend Academy of Cosmetology and Esthetics NYC: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At Academy of Cosmetology and Esthetics NYC specifically, 36% of new students use loans toward freshman-year expenses, for an average of $7,432 each, across private and federal loan sources.
The average federally funded loan is $7,432. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at Academy of Cosmetology and Esthetics NYC (freshmen included), 31% use federal student loans to help pay for their education, at an average of $6,543 each per year. It comes to 12.0% lower than the first-year federal average of $7,432.
At a steady annual pace, that totals around $13,086 after two years and $26,172 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 31% |
| Average federal loan per year | $6,543 |
| Undergraduates with a federal loan | 37 |
| Total federal loans (one year) | $242,089 |
The median student at Academy of Cosmetology and Esthetics NYC borrows $5,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $7,614 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Academy of Cosmetology and Esthetics NYC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How wide this percentile range is tells you how much borrowing varies across students at Academy of Cosmetology and Esthetics NYC.
Repayment burden translates the debt figures into what a borrower actually pays each month. Academy of Cosmetology and Esthetics NYC.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Academy of Cosmetology and Esthetics NYC follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.1% |
| Borrowers in the cohort | 24 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,534 |
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.